How Much Do I Need For Emergencies?
Assumptions
Current gross monthly income
Current emergency funds available
Number of months for fund to last
Before tax return on savings: (%)
Marginal tax bracket: (%)
Number of months to accumulate funds
Expenses
Total monthly living expenses, if plan to itemize below then leave at 0.
Or Itemize Monthly
Mortgage payment or rent
Vacation home (mortgage)
Automobile loan(s)
Personal loan(s)
Charge accounts
Federal income taxes
State income taxes
FICA (social security taxes)
Real estate taxes
Other taxes
Utilities
Household repairs and maintenance
Food
Clothing and laundry
Educational expenses
Child care
Automobile expenses (gas, repairs, etc.)
Other transportation expenses
Life insurance premiums
Homeowners (renters) insurance
Automobile insurance
Medical, dental and disability insurance
Entertainment and dining
Recreation and travel
Club dues
Hobbies
Gifts
Major home improvements and furnishings
Professional services
Charitable contributions
Other and miscellaneous expenses
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